Algorand is currently charting several measured moves up, and at times showing an even more bullish scenario with R.S.I Divergence.
With Algo's Community Governance now in the "sign-up-stage" ending October 14th, the token is sure to see continued bullish movement with an overall price target at : $2.75-$3.00, (breaking out of the large bull flag pattern, seen as the orange triangle.)
Algorand is also charting nicely with a rounding bottom, (seen as the black curved line).
Support/Floor at $1.50 with resistance at $1.90-$2.00.
Algo will likely test the $1.90 price target, after which the token should see an almost parabolic move up to $2.00 (and beyond.)
If Algorand falls below $1.90-$1.80 though, I would expect general sideways trading between the $1.50 to $1.80 range for several days possibly weeks.
If Algo reaches the $2.40 price target (while still within the rounding bottom pattern) I would expect it to break out of the prior move (rounding bottom) but with an overall price target of $2.75-$3.00 still.
related Algo published ideas linked below:
With Algo's Community Governance now in the "sign-up-stage" ending October 14th, the token is sure to see continued bullish movement with an overall price target at : $2.75-$3.00, (breaking out of the large bull flag pattern, seen as the orange triangle.)
Algorand is also charting nicely with a rounding bottom, (seen as the black curved line).
Support/Floor at $1.50 with resistance at $1.90-$2.00.
Algo will likely test the $1.90 price target, after which the token should see an almost parabolic move up to $2.00 (and beyond.)
If Algorand falls below $1.90-$1.80 though, I would expect general sideways trading between the $1.50 to $1.80 range for several days possibly weeks.
If Algo reaches the $2.40 price target (while still within the rounding bottom pattern) I would expect it to break out of the prior move (rounding bottom) but with an overall price target of $2.75-$3.00 still.
related Algo published ideas linked below: